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ICOM Part 2 English Medium Principles of Banking Chapter 11 MCQ's Test
Start Chapter 11 TestICOM Part 2 Principles of Banking Chapter Wise Online MCQ's Test
MCQ's Test For Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 11 Online Test"
Try The MCQ's Test For Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 11 Online Test"
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Total Questions15
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Time Allowed20
Principles of Banking Icom Part 2 English Medium Chapter 11 Online Test
00:00
Question # 1
What does the bank receive on issuing a letter of credit:
Question # 2
IOU is a document
Question # 3
Which of the following gets facility due to commercial letter of credit:
Question # 4
Which of the following is useful in facilitating trade relation between the businessmen of different countries
Question # 5
Which of the following parties of a letter of credit is called beneficiary
Question # 6
Which of the following is an order of payment by one post office for another post office
Question # 7
The letter of credit which can be endorsed to another person is called:
Question # 8
What does IOU mean
Question # 9
Which of the following can be cancelled by the issuing bank without the consent of the other parties
Question # 10
Stock certificate is a document issued by
Question # 11
Which letter of credit is issued for a single or particular transaction:
Question # 12
The important types of banker's letter of credit:
Question # 13
Which of the following is a non-commercial letter of credit
Question # 14
The first stage or step between importer and exporter for the purpose of sale and purchase is:
Question # 15
Commercial letter of credit is issued for the facilty of:
ICOM Part 2 English Medium Principles of Banking Chapter 11 MCQ's Test
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ICom Part II Principles of Banking (E.M) Chapter 0 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Commercial letter of credit is issued for the facilty of: |
A. Ambassadors
B. Common people
C. Businessmen
D. Alll of the above
|
| 2 | The letter of credit which can be endorsed to another person is called: |
A. Special L.C
B. Transferable L.C
C. Resolving L.C
D. None of the above
|
| 3 | Which of the following is useful in facilitating trade relation between the businessmen of different countries |
A. Bank draft
B. Money order
C. Letter of credit
D. Stock certificate
|
| 4 | What does IOU mean |
A. I am a debtor to you
B. I am a creditor to you
C. Both a and b
D. None of these
|
| 5 | I Owe You is a written instrument drawn by |
A. Trader
B. Debtor
C. Creditor
D. All the above
|
| 6 | The important types of banker's letter of credit: |
A. Two
B. Three
C. Four
D. None of these
|
| 7 | Where are the stock certificates sold and bought |
A. At commercial bank
B. At central bank
C. At post office
D. At stock exchange
|
| 8 | Stock certificate is a document issued by |
A. Commercial bank
B. Central bank
C. Limited companies
D. Stock-market
|
| 9 | Which of the following is used to finance the people who want to travel abroad |
A. Traveller's letter of credit
B. Traveller's cheque
C. Circular note
D. All the above
|
| 10 | The first stage or step between importer and exporter for the purpose of sale and purchase is: |
A. Oath or undertaking
B. Agreement
C. Contract with bank
D. Issuing of L.C
|
Test Questions